LTC was the first crypto I bought, over at Coinbase 18mos ago.
I bought it on a debit card, avoided using a credit card, because I thought it would save some fees. Boy was I wrong. Coinbase charged me $8 at the point of purchase. Then a full week later they cleared the transaction thru a bank in London UK, charging me an additional $9. OUCH!
I was just a little bit pissed at this situation. Coinbase is located in San Francisco and I live outside Seattle, about 800 miles away. So I couldn't understand why they had to process my debit card purchase thru a bank 10,000 miles away. This pretty much opened my eyes and forced me to pay a lot closer attention to the many details, like reading the "fine print", etc.
Anyway, I did some DD on Litecoin and I really couldn't find anything unique that set it apart from the others. This is when I became aware of the importance of the, so called, "Use Case". Every coin should have a good use case and if not then it should be avoided, IMO.
Understanding about the "Use Case" led me to discover Ripple and XRP. It was the first crypto I found that had a truly compelling use case. So XRP now represents 60% of my portfolio. And I just bought some more yesterday.
Then I read about Verge (XVG) that seeks to be a totally anonymous and untraceable crypto. Yet another good Use Case. I found three others, like Cardano and Dash, but XVG is the cheapest, selling for a fraction of a penny. So I bought a ton of Verge based on a deal they struck with PornHub, the largest online porno viewing web site. Pornography consumes about 60% of the total Internet bandwidth at any particular minute of the day. Regardless of the moral issues, I would say that this also represents a compelling Use Case, IMO.
And Finally, I discovered the online gaming industry, which is, yet another, worthwhile Use Case. I bought Tron (TRX) and flipped it three times for profit. Through TRON I found Enjin Coin (ENJ) which is the proverbial "800lb gorilla" of the online gaming industry. So I chose to invest in ENJ over TRX.
I now have my several core positions, all based on, what I consider to be, a good Use Case. This is my strategy.
Currently I am looking for some "flip-able" coins that exhibit that familiar saw-tooth chart pattern, so that I can trend trade them daily for cash flow. I love to trade daily because it it is an opportunity to win and winning chases away my depression.
In conclusion, XRP has always been my favorite crypto. I am baffled by its lack of movement. But I have total faith that it will bring about a big profit sometime in the future. Hopefully soon. Meanwhile I live to trade!
Good Luck.
